This paper introduces a new explanation for political budget cycles: politicians have stronger incentives to increase spending around elections in the presence of younger political parties. Previous research has shown that political budget cycles are larger when voters are uninformed about politician characteristics and when politicians are less credible. The effects of party age can be traced to organizational differences between younger and older...
更多显示
详细
-
2013/10/01
-
政策研究报告
-
WPS6654
-
1
-
1
-
2013/10/01
-
Disclosed
-
Political budget cycles and the organization of political parties
-
budget cycle